The Bosch Group announced the preliminary financial data of 2013 recently that the auto parts business has become the only business unit of the group that has increased its operating income, and its overall operating income has not reached the previously set target.
Thanks to the strong demand for direct gasoline injection and diesel injection systems, the operating revenue of the Bosch Group's automotive business segment increased 7% year-on-year to 30.7 billion euros (approximately US$41.7 billion) in 2013; the EBIT margin of the department last year It rose from 4.5% in 2012 to 8%, reaching over 8% for the first time since 2010.
The overall operating revenue of the Bosch Group in 2013 reached 46.4 billion euros, which was a 3% increase from 2012 and failed to reach the 4% growth target set in April last year. Excluding restructuring costs and losses caused by the solar business of 1.3 billion euros, the Bosch Group's 2013 EBIT margin increased from 5% in 2013 to 6%.
As for 2014, Europe’s macro economy has shown signs of recovery and Bosch expects its profit margin this year to increase further. The company plans to completely withdraw from the solar industry in the next few weeks or months.
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